Neteller up. New Terms of Service - Page 10

XxGeneralxX · #91 10-03-2006, 10:43 PM

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what's the good of a check over an EFT?

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Im not that experienced on neteller. ive only made one EFT for a small sum of money and got most of my cashouts with checks str8 from stars in the past.

it was prolly a stupid question.... but thnx for answering it for me. ill do a eft right when the $ comes in

dingying · #92 10-03-2006, 11:08 PM

what's the max amount you can EFT from Neteller every time? Just tried to EFT 7k, was told exceed maximun limit.

morgant · #93 10-03-2006, 11:12 PM

5k

dingying · #94 10-03-2006, 11:14 PM

daily?

dingying · #95 10-03-2006, 11:20 PM

i recall now that someone was suggesting in another thread of dividing them into withdraws <3k. Any reason to do so?

morgant · #96 10-03-2006, 11:24 PM

5k per eft. you can do 20 of them in a day

any reason i could think of would be a tactic aimed at deception. i dont know the ins/outs of that, i have a full time cpa to keep me out of that crap and inline with the irs

#97 10-03-2006, 11:36 PM

First of all, I am a small time rec player that have been fortunate enough to have internet poker supplement my income.

When I opened my account at Neteller 3 years ago, I used a newly opened bank account (not my main one for obvious reasons with only $200 balance and transferred 100 to Pokerroom. I built up my bankroll and then used the profit to expand at Stars and Party.

Everytime I get my br at the sites to, say 1K, I transfer most of it to Neteller and leave just enough for my game. I cashout by transferring from Neteller to their debit card, which cost 2 bucks per transaction. I then cash out at bank ATMs that honor Star, etc for $1.85 per transaction. I consider the extra expense as cost of doing business. I NEVER used EFT to my bank account for obvious reasons. I only leave enough money at Neteller to fund my games almost on a daily basis.

With all this confusion, I now only have $200 at Neteller and about the same at Party and will leave it at that till the dust settles. If something happens to that 400 bucks I would consider it as part of doing business and won't lose sleep over it.

I checked Agree on the TOA, made a test withdrawal from Party to Neteller then to Neteller card then to ATM with no problem. [img]/images/graemlins/laugh.gif[/img]

dingying · #98 10-04-2006, 12:06 AM

I understand better now, the obvious reason. I think it's too late to apply for a NEteller ATM card.

dingying · #99 10-04-2006, 12:09 AM

guys, i very much want to keep in line with IRS. just a question: how do you plan to report poker income after it becomes illegal?

okietalker · #**100** 10-04-2006, 12:16 AM

Just show it as "gambling winnings" on your tax form. I have always claimed my wininngs and have never been questioned as to whether or I was actually playing in a casino or home game or on the internet. It's just easier to claim it and go on than to worry about an audit 5 years down the road.